Wilbur Ross Likes $IRE Says ‘Natural Gas to Double or Triple’ (Video)

Wilbur Ross was on CNBC this morning and gave his views on natural gas

“I think we’re very close to a bottom in natural gas.”

“I think with the cutbacks in production that are coming and the continued growth in demand – mainly the substitution of natural gas for coal — prices will double or even triple from where they are now.”

On Europe:

“You have to look at Europe on a country by country basis.”

He likes Ireland in particular and the Bank of Ireland, stating “They’re much farther along than the other countries.”